Muthoot Finance’s Q2 profit jumps 87% as gold loans fuel record growth
Mumbai's urban development took a significant turn on November 14, 2025, with the Maharashtra government introducing a new policy for cluster redevelopment projects. The Slum Rehabilitation Authority (SRA) will now oversee these projects without needing individual consent from slum dwellers. Meanwhile, Muthoot Finance reported impressive financial results for the second quarter of FY26.
In the financial sector, Muthoot Finance saw a notable increase in its interest income, reaching Rs 6,304 crore in Q2 FY26. The company's gold loan assets under management (AUM) also grew by Rs 11,723 crore, marking a 10% increase during the same period. This growth contributed to Muthoot Finance's total income, which surged to Rs 6,461 crore in Q2 FY26.
The finance company's net profit soared over 87% to Rs 2,345 crore in Q2 FY26, demonstrating robust financial performance. However, expenses also rose to Rs 3,309 crore during the quarter.
The new SRA policy in Mumbai aims to streamline cluster redevelopment projects, potentially transforming the city's landscape. Simultaneously, Muthoot Finance has shown strong financial growth, with significant increases in interest income, gold loan AUM, and total income, leading to a substantial rise in net profit.
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